USD CAD Technical Analysis July 5, 2022
The USD declined 0.15% against the CAD on Monday and closed at 1.2860. Today in the European session, while USD CAD Technical Analysis 31 May 2022, is preparing at 5:00 GMT, the USD/CAD is trading at 1.2861, which is 0.01% higher than CAD from yesterday’s close.
The pair is expected to find the support at 1.2838 and a fall through could take it to the next support level of 1.2830. The pair is expected to find its first resistance at 1.2890, and a rise through could take it to the next resistance level of 1.2900. Today’s expected trading range is between 1.2820 support and 1.2965 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.2838
Support 2: 1.2830
Support 3: 1.2820
Important resistance levels:
Resistance 1: 1.2890
Resistance 2: 1.2900
Resistance 3: 1.2965
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